James Hardie Industries (NYSE:JHX) Downgraded to Neutral Rating by Macquarie

Macquarie lowered shares of James Hardie Industries (NYSE:JHX) from an outperform rating to a neutral rating in a research note published on Monday, Marketbeat.com reports.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. StockNews.com raised James Hardie Industries from a “hold” rating to a “buy” rating in a report on Friday. Finally, Truist Financial started coverage on James Hardie Industries in a research report on Tuesday, December 10th. They set a “buy” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

James Hardie Industries Price Performance

Shares of NYSE:JHX opened at $24.25 on Monday. The firm has a market capitalization of $10.42 billion, a PE ratio of 24.01, a P/E/G ratio of 6.16 and a beta of 1.84. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $33.90. James Hardie Industries has a twelve month low of $23.31 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. The company had revenue of $953.30 million during the quarter, compared to the consensus estimate of $967.63 million. Equities analysts forecast that James Hardie Industries will post 1.39 EPS for the current year.

Institutional Investors Weigh In On James Hardie Industries

A number of institutional investors and hedge funds have recently made changes to their positions in JHX. TD Private Client Wealth LLC increased its stake in James Hardie Industries by 45.3% in the 4th quarter. TD Private Client Wealth LLC now owns 972 shares of the construction company’s stock worth $30,000 after acquiring an additional 303 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of James Hardie Industries by 4.4% during the third quarter. Franklin Resources Inc. now owns 8,551 shares of the construction company’s stock worth $315,000 after purchasing an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of James Hardie Industries by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 52,416 shares of the construction company’s stock worth $1,615,000 after purchasing an additional 420 shares during the last quarter. Sanctuary Advisors LLC raised its stake in James Hardie Industries by 2.5% in the fourth quarter. Sanctuary Advisors LLC now owns 18,074 shares of the construction company’s stock valued at $616,000 after purchasing an additional 433 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in James Hardie Industries by 9.5% during the fourth quarter. Russell Investments Group Ltd. now owns 5,220 shares of the construction company’s stock valued at $161,000 after purchasing an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.